Amazon announces $250 million venture fund for Indian startups

Amazon announces $250 million venture fund for Indian startups

Amazon on Thursday announced a $250 million venture fund to invest in Indian startups and entrepreneurs focusing on digitization of small and medium-sized businesses (SMBs) in the key overseas market. The announcement comes at a time when the American e-commerce...
SoftBank in talks to invest up to $500 million in Swiggy

SoftBank in talks to invest up to $500 million in Swiggy

SoftBank Vision Fund 2 is in advanced stages of talks to invest up to half a billion dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch. The new investment values the Indian startup at about $5.5 billion, the sources said....
Flipkart to acquire online travel firm Cleartrip

Flipkart to acquire online travel firm Cleartrip

Flipkart said on Thursday it has agreed to acquire online travel and hotel ticketing firm Cleartrip as the Walmart-owned e-commerce firm looks to expand its offerings in the world’s second largest internet market. The deal values 14-year-old Cleartrip, which raised...